Common use of Life Policies Clause in Contracts

Life Policies. (a) The Administrator shall use its reasonable endeavours to ensure that upon maturity of a Life Policy or on the death of a Borrower, if earlier, all sums which it is agreed between the Seller and the relevant Borrower are due to be paid under the Life Policy are paid by the relevant insurance company in repayment of the Mortgage for which such Life Policy is collateral security and credited to the relevant Collection Account.

Life Policies. (a) 13.7 The Administrator shall use its reasonable endeavours to ensure that upon maturity of a Life Policy or on the death of a Borrower, if earlier, all sums which it is agreed between the Seller or the relevant Originator (as the case may be) and the relevant Borrower are due to be paid under the Life Policy are paid by the relevant insurance company in or towards repayment of the Mortgage Loan for which such Life Policy is collateral security and credited to the relevant Collection Account.

Life Policies. (a) The Administrator shall use its reasonable endeavours to ensure that upon maturity of a Life Policy or on the death of a Borrower, if earlier, all sums which it is agreed between the Seller and the relevant Borrower are due to be paid under the Life Policy are paid by the relevant insurance company in repayment of the Mortgage for which such Life Policy is collateral security and credited to the relevant Collection Account.

Life Policies. (a) 12.7 The Administrator shall use its reasonable endeavours to ensure that upon maturity of a Life Policy or on the death of a Borrower, if earlier, all sums which it is agreed between the Seller or the relevant Originator (as the case may be) and the relevant Borrower are due to be paid under the Life Policy are paid by the relevant insurance company in or towards repayment of the Mortgage Loan for which such Life Policy is collateral security and credited to the relevant Collection Account.